Retirement plan

HINO MOTORS MANUFACTURING U.S.A., INC. 401(K) PROFIT SHARING PLAN

Name: HINO MOTORS MANUFACTURING U.S.A., INC. - HINO MOTORS MANUFACTURING U.S.A., INC. 401(K) PROFIT SHARING PLAN (2015) Form 5500
Creator: HINO MOTORS MANUFACTURING U.S.A., INC.
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, HINO MOTORS MANUFACTURING U.S.A., INC. 401(K) PROFIT SHARING PLAN, HINO MOTORS MANUFACTURING U.S.A., INC.

HINO MOTORS MANUFACTURING U.S.A., INC.EIN 33-0638183Plan #001PY 2015

37777 INTERCHANGE DRIVE - FARMINGTON HILLS, MI 48335248-442-6888hmmusa.comLinkedIn1001-5000 employeesautomotive

Prospect flagsLow returnsLow participationFailed to transmit contributionsCorrective distributions

How to read this page

Total assets (EOY)

$16.2M

No prior year

Total participants

827

No prior year

Average account balance

$28,154

No prior year

Annual return

-1.80%

No prior year

Benchmarks

See 2,226 peers

Peer group

Industry33 - Manufacturing

Plan typeDefined contribution

Participants250-999

Cohort2,226 peers

Snapshot2015

Free accounts unlock saves, downloads, and 3-year history.

Analytics

Total assets (EOY)

Plan-year ending balance

$55.14M

Not enough data

1 years with asset history on file

Average account balance

Total assets / participants with a balance (line 6g)

$58K

Not enough data

1 years with per-participant data

Participants with account balance

Stacked by status: active / separated vested / retired or beneficiary. Total = line 6g.

947

Not enough data

1 years with headcount on file

Eligible Participants and Participation

Bars: eligible actives (line 6a). Line: derived rate = active employees with a balance / 6a.

39.1%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$6.90M

Not enough data

1 years with contributions on file

Contributions per participant

Average employer and participant contribution per enrolled participant

$3K

Not enough data

1 years with per-participant contribution data

Asset flow

BOY + contributions + return - distributions = EOY

Year

Annual return

Diverging bars; negative years highlighted

+15.52%

Not enough data

1 years with return on file

Admin fee / account holder

Total admin expenses / participants with a balance (line 6g)

$27

Not enough data

1 years with admin cost on file

Asset composition

Cash / stocks / bonds / mutual funds / real estate / loans over time

Not enough data

1 years with F_SCH_H allocation on file

Free accounts unlock saves, downloads, and 3-year history.

Service providers

Top 3 by compensation

Provider	Service type	Compensation
NEWPORT GROUP, INC.1+ years Filed as: NEWPORT RETIREMENT SERVICES, INC. Service code 12 · EIN 62-1868111	Direct payment from the plan; Sub-tra...	$59,983
NEWPORT GROUP, INC.1+ years Filed as: NEWPORT GROUP SECURITIES Service code 27 · EIN 59-3099288	Advisory (Plan)	$15,387
HIGHTOWER ADVISORS LLC1+ years Filed as: HIGHTOWER ADVISORS, LLC Service code 27 · EIN 36-4500709	Advisory (Plan)	$12,656

Plan features & details

Pension benefit codes2E2F2G2J2K2T3D3H

Plan features

2E
Profit-sharing
Profit-sharing plan.
2F
ERISA section 404(c) plan
This plan or any part of it is intended to meet the conditions of 29 CFR 2550.404c-1 (shifting investment responsibility to participants).
2G
Total participant-directed account plan
Participants have the opportunity to direct the investment of all of the assets allocated to their individual accounts regardless of whether 29 CFR 2550.404c-1 is intended to be met.
2J
Code section 401(k) feature
Cash or deferred arrangement described in Code section 401(k) that is part of a qualified defined contribution plan under which employees may elect to defer part of their compensation or receive these amounts in cash.
2K
Code section 401(m) arrangement
Employee contributions are allocated to separate accounts under the plan or employer contributions are based in whole or in part on employee deferrals or contributions to the plan. Not applicable to 401(k) plans with only QNECs and/or QMACs or to 403(b)(1) 403(b)(7) or 408 arrangements.
2T
Default investment account
Total or partial participant-directed account plan where plan uses a default investment account for participants who fail to direct assets in their account.
3D
Pre-approved pension plan
A master prototype or volume submitter plan that is the subject of a favorable opinion or advisory letter from the IRS.
3H
Controlled group member
Plan sponsor(s) is (are) a member(s) of a controlled group (Code sections 414(b) (c) or (m)).

Opportunity flags

4 tripped

OpportunityLow participation
Participation rate is below 70% (account-balance holders / active employees) - enrollment or auto-enroll opportunity.
OpportunityLow returns
Annual investment return is in the bottom quintile of the peer cohort.
ComplianceFailed to transmit contributions
Form 5500 reported a failure to timely transmit participant contributions (Schedule H line 4a).
ComplianceCorrective distributions
Plan reported corrective distributions (failed ADP/ACP testing).

Expense breakdown

Schedule H Part II

Admin total

$39K

$50 / participant

Investment mgmt$23K59.3%
Contract admin$16K40.7%

% of EOY assets

0.238%

all-in expense ratio

Categories reported

2 / 9

subdivided buckets used

Audit opinion

Schedule H Part III

Disclaimer opinion

Auditor declined to express an opinion - usually a 103(a)(3)(C) limited-scope election.

Auditor firm: PLANTE MORAN
Auditor EIN: 381357951
Audit fees: (not subdivided)
Opinion code: Disclaimer

Metric

This plan

Peer set

Industry

Size

Avg account balance

$28,154

$72,770-61.3%

$67,652-58.4%

$55,191-49.0%

Participation rate

67.6%

78.8%-11.2pp

75.7%-8.1pp

69.2%-1.6pp

Annual return

-1.80%

-3.26%+1.5pp

6625.40%-6627.2pp

10.78%-12.6pp

Employer contribution / active EE

$1,278

$1,769-27.8%

$2,266-43.6%

$1,899-32.7%

Participant deferral / active EE

$2,402

$3,408-29.5%

$3,560-32.5%

$3,046-21.2%

Admin fee / account holder

$67

$79-15.0%

$4,821-98.6%

$91-26.2%

Provider

Service type

Compensation

NEWPORT GROUP, INC.1+ years

Filed as: NEWPORT RETIREMENT SERVICES, INC.

Service code 12 · EIN 62-1868111

Direct payment from the plan; Sub-tra...

$59,983

NEWPORT GROUP, INC.1+ years

Filed as: NEWPORT GROUP SECURITIES

Service code 27 · EIN 59-3099288

Advisory (Plan)

$15,387

HIGHTOWER ADVISORS LLC1+ years

Filed as: HIGHTOWER ADVISORS, LLC

Service code 27 · EIN 36-4500709

Advisory (Plan)

$12,656

HINO MOTORS MANUFACTURING U.S.A., INC. 401(K) PROFIT SHARING PLAN

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

HINO MOTORS MANUFACTURING U.S.A., INC. 401(K) PROFIT SHARING PLAN

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

Benchmarks

Service providers

Opportunity flags

Expense breakdown

Audit opinion

Benchmarks

Service providers

Opportunity flags

Expense breakdown

Audit opinion